Retail shares drop: Children's Place among decliners

AndriaCheng

NEW YORK (MarketWatch) -- Retail shares dropped fractionally Tuesday morning amid concerns that September same-store sales will be weaker than expected. The S&P Retail Index
RLX, +0.00%
dropped 0.3% to 490.25. The International Council of Shopping Centers trimmed its September sales forecast after it said warm weather and concern about the economy may have likely hurt spending last month. Shares of Children's Place Retail Stores Inc.
PLCE, +3.28%
tumbled 12%. The retailer cut its profit forecast after lower sales forced it to cut prices.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.